Grameen in Los Angeles
- Field of Interest:
- Social Enterprise & Entrepreneurship, Social Services
Founded in 2008 by Nobel Laureate Muhammad Yunus, Grameen America, Inc. is a community development financial institution dedicated to helping entrepreneurial women who live in poverty build businesses to enable financial mobility. To support women pursuing entrepreneurship as a pathway out of poverty, Grameen provides microloans, credit establishment services, savings programs and financial education. Starting with a branch in Queens in New York City, Grameen America has expanded to a total of 20 branches serving 104,000 women in 13 cities including Austin, Boston, Charlotte, Indianapolis, Los Angeles, Miami, Newark, New York, Oakland, Omaha, San Jose, San Juan, and Union City.
Grameen in Los Angeles works to invest in and improve the economic mobility of low-income entrepreneurial women in Pico Union and Boyle Heights through financial education and group-based microloans.